- Crompton Greaves
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Crompton Greaves Ltd. 
Type Public company Traded as BSE: 500093
NSE: CROMPGREAVIndustry Electrical Founded 1878 Headquarters Mumbai, India Key people Gautam Thapar, Chairman [1] Lauren Demortier, CEO Products Transformers, HT & LT Motors, DC Motors, Railway Signaling Revenue 
5,352.74 crore (US$1.09 billion) [2]Parent Avantha Group Website www.cgglobal.com Crompton Greaves (CG) (BSE: 500093, NSE: CROMPGREAV) is an Indian multinational engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. Its part of Avantha Group. [3]
Contents
History
Col. R.E.B. Crompton founded R.E.B. Crompton & Company in 1878. The company was merged with F.A Parkinson in 1927 to form Crompton Parkinson Ltd. Greaves Cotton and Company, established by James Greaves in 1859, was appointed as their concessionaire in India.
In 1937, Crompton Parkinson established Crompton Parkinson Works Ltd. in Bombay as a wholly owned Indian subsidiary. In collaboration with Greaves Cotton, it also established a sales organization, Greaves Cotton & Crompton Parkinson Ltd. In 1947, just before India's Independence, Lala Karam Chand Thapar, an eminent Indian industrialist, bought Greaves Cotton, when the company was put up for sale. With this acquisition, Karam Chand Thapar gained control of several associated companies such as Crompton Parkison Works, Greaves Cotton and Crompton Parkinson Company.
The name Crompton Greaves Limited was adopted on 2 August 1966, following a court-directed amalgamation of Greaves Cotton and Cromption Parkinson Ltd.
Over the years, the company has evolved into one of India's largest private sector enterprises.
After the acquisition of the Belgium-based Pauwels Trafo/Pauwels Group in May 2005, Crompton Greaves was ranked amongst the world's top ten electrical transformer manufacturers. The company subsequently acquired a host of companies outside India. These include Ganz (Hungary), Microsol (Ireland), Sonomatra (France) and MSE Power Systems (USA).
Crompton Greaves is a part of the US$ 4bn Avantha Group, and is headquartered in a self-owned landmark building at Worli, Mumbai.
Avantha Group
The group was started by Lala Karam Chand Thapar, and after his death in 1963 run by third son, L.M. Thapar. From Independence till the 1980s the Thapar Group was one of the top 10 business houses in India.
Avantha is a thriving offshoot of the old conglomerate and Gautam Thapar represents the third generation of this illustrious business family, the baton having been passed on to him by his uncle, L.M. Thapar and his father, B.M. Thapar.
The new identity, Avantha, was launched worldwide on 15 November 2007.
Reference
- ^ "Crompton Greaves adopts new brand identity as global power company - Money - DNA". Dnaindia.com. 2009-10-19. http://www.dnaindia.com/money/report_crompton-greaves-adopts-new-brand-identity-as-global-power-company_1300648. Retrieved 2010-12-23.
- ^ "BSE Plus". Bseindia.com. http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500093. Retrieved 2010-12-23.
- ^ PTI, Mar 30, 2010, 12.19pm IST (2010-03-30). "Crompton Greaves completes acquisition of PTS for 30 mn pounds - The Times of India". Timesofindia.indiatimes.com. http://timesofindia.indiatimes.com/business/india-business/Crompton-Greaves-completes-acquisition-of-PTS-for-30-mn-pounds-/articleshow/5742097.cms. Retrieved 2010-12-23.
External Links
Categories:- Companies listed on the Bombay Stock Exchange
- Companies listed on the National Stock Exchange of India
- Companies established in 1878
- Companies based in Mumbai
- Electrical engineering companies of India
- Indian company stubs
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